02:00 Mon 10 Aug 2020
Supermarket Inc REIT - Acquisition of Morrisons store and debt update
(the "Company")
LEI: 2138007FOINJKAM7L537
acquisition of a morrisons supermarket in telford, shropshire, AND AN UPDATE ON DEBT FINANCING
Developed in 2012, the four-acre site is located at a prominent roadside junction in the centre of
It is being acquired with an unexpired lease term of 17 years with a break option in year 12. The lease is subject to five-yearly, upward-only, RPI-linked rent reviews (subject to a 3% cap and 1% floor).
The Company also announces it has increased its debt facilities with
FOR FURTHER INFORMATION
Ben Green
Steve Windsor
Steve Noble
Stifel Nicolaus Europe Limited +44 (0)20 7710 7600
Mark Young
Matt Blawat
Tavistock
Jeremy Carey (jeremy.carey@tavistock.co.uk) +44 (0)78 3673 4625
James Whitmore (james.whitmore@tavistock.co.uk) +44 (0)77 4093 1042
NOTES TO EDITORS:
Supermarket Income REIT plc (LSE: SUPR) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the UK's feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. All of the Company's 18 properties are let to leading UK supermarket operators, diversified by both tenant and geography.
The Company provides investors with attractive, long-dated, secure, inflation-linked, growing income with the potential for capital appreciation over the longer term and targets a 7% to 10% p.a. total shareholder return over the medium term(1). The Company has increased its dividend target in line with UK RPI inflation each year
The Company's ordinary shares were admitted to trading on the Main Market of the
Further information is available on the Company's website www.supermarketincomereit.com
(1) There is no certainty that these illustrative projections will be achieved
This information is provided by RNS, the news service of the
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